Fortnite Developer Epic Games Announces $1.25 Billion Investment

Fornite developer and Unreal Engine creator Epic Games today announced that it raised $1.25 billion in investment.

Companies such as KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners contributed to the funding. In a press release, Epic noted that the move also created partnerships with “investment firms and individuals at the forefront of technology, entertainment, professional sports, esports, and live events.”

Alongside Fortnite, Epic Games has been heavily involved with the VR and AR industries over the past few years, making Unreal Engine compatible with both. It’s been especially active in VR, last year releasing Oculus Rift exclusive shooter, Robo Recall.

“We’re excited to partner with the finest minds in the financial, sports, and entertainment communities. This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world,” Epic CEO Tim Sweeney said in a prepared statement.